Fievel Goes South! Egg Harbor City Industrial Park Surges in Demand

No. Fievel is not going West, but he just may be heading South! With the rising cost of industrial land in North Jersey, investors and Companies have ventured South toward the Egg Harbor City Industrial Park. Locations such as Vineland, Hamilton Township, Millville and Egg Harbor have become extremely popular. For half the price, buyers can obtain excellent real estate that can be user owner occupied or yield strong rents. The modern day “industrial real estate revolution” has priced buyers out of North Jersey and forced them to look elsewhere.

On average, we are experiencing rents in the $10-$12 Per Foot range triple net for a new construction warehouse. For older properties, that dollar amount is cut significantly. However, with the cost of land ranging from $30-$60 Per Foot depending on the approval process, this price-point is more than half the amount of land in Norther Jersey.

As an experienced industrial Broker that has sold land throughout New Jersey, the Egg Harbor City Industrial Park represents outstanding value for both users and investors.

Currently representing more than 1 Million Square Feet of industrial land spread throughout multiple parcels, the inquiries have been strong. We currently have several block and lots under hard contract. The demand has come from third party logistical Corporations, refrigeration/cold storage facilities and Cannibis cultivators. With the legalization of Marijuana in New Jersey, the State has awarded various Cannibis cultivators the ability to grow. Egg Harbor is an extremely Cannibis friendly township that already features The Botanist facility in the EHT Industrial Park.

Egg Harbor City Industrial Park Attributes

• 1 Mile from the Garden State Parkway
• 1 Mile from the Atlantic City Airport, a major hub to Spirit Airlines. Top routes include Tampa, Fort Lauderdale, Myrtle Beach, Houston, West Palm Beach and Fort Myers
• Expansion of Atlantic City Airport to include Cargo Freight within the next several years. Request for Proposals have already been released for development of the Cargo Terminal
• 60 Miles from the Port of Philadelphia, located on the Delaware River in Philadelphia. The drayage has been traditionally less expensive from the Port of Philadelphia versus other Ports, such as Newark which will save Corporations millions of Dollars.
• Home to major Companies: Canada Dry, FedEx, Atlantic Care, the Department of Homeland Security and others that currently exist in the Park
• Aviation Park, National Aerospace Research & Technology Park continues to expand with a future target of seven buildings and 400,000 Square Feet. The compound is directly within around the corner from the Egg Harbor City Industrial Park.
• Extremely Cannibis friendly and home to the first Cannibis facility, the Botanist, in New Jersey.
• Five Year Tax abatements and Incentives

With land being scarce, the Egg Harbor City Industrial Park presents a prime opportunity for future investors, developers and users.